| State: |
Tennessee |
| Incentive Type: |
Performance-Based Incentive |
| Eligible Renewable/Other Technologies: |
Photovoltaics, Landfill Gas, Wind, Biomass, Municipal Solid Waste, Small Hydroelectric |
| Applicable Sectors: |
Commercial, Residential, Nonprofit, Local Government, State Government, Fed. Government |
| Amount: | $1,000 plus $0.12/kWh above the retail rate for solar and $0.03/kWh above the retail rate for all other eligible renewables |
| Maximum Incentive: | None specified |
| Terms: | PBI payments continue for 10 years |
| Eligible System Size: | Minimum size: 0.5 kW
Maximum size: 200 kW |
| Ownership of Renewable Energy Credits: | TVA |
| Web Site: |
http://www.tva.com/greenpowerswitch/partners/
|
Tennessee Valley Authority (TVA) and participating power distributors of TVA power offer a production-based incentive program to Valley homeowners and businesses for the installation of renewable generation systems from the following qualifying resources: solar, wind, low-impact hydropower, and biomass called Generation Partners. The energy generated from these renewable generation systems will count towards TVA's green power pricing program, Green Power Switch.
TVA will purchase 100% of the output from a qualifying system at a premium of $0.12 per kilowatt-hour (kWh) on top of the retail electricity rate for solar and $0.03 per kilowatt-hour on top of the retail electricity rate for wind, low-impact hydro, and biomass. TVA will retain all rights to any renewable energy credits (including tradable renewable credits or green tags) or other associated benefits of energy generated from the renewable nature of the qualifying system. Payment is made in the form of a credit issued by the local power company on the monthly power bill for the home or business where the generation system is located. If a qualifying system produces more electricity than the customer consumes, payment for any excess credits will be issued either monthly or annually, at the discretion of the power company. All new participants in the Generation Partners program will receive a $1,000 incentive to offset the upfront cost of the qualifying system.
The installed capacity goal for the entire program is 200 megawatts (MW). The contract term is 10 years. Qualifying systems must have a minimum output of 500 watts AC and a maximum output of 200 kilowatts (kW). Installations must also comply with local codes and adhere to guidelines established by the program. All equipment must be in compliance with environmental regulations and national standards, certified by a licensed electrician, and meet all applicable codes. Systems are dual-metered and must have an external disconnect switch, must complete an interconnection agreement, and be grid-tied.
As of October 2009, there are 91 distributors in the Valley that participate in the Generation Partners program; participation is at the discretion of the power company. Click
here for a list of the participating utilities. For more information about the program, visit
TVA Generation Partners web site or call 866-673-4340.
